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is back, and the $13 billion bailout in cypress. they want to pay for it by taxing people's bank accounts. dagen: the president will announce his no , nominee for s secretary. another looks at a man's record over at the justice department. connell: the cyber threats, a new report according to an isp, nigeria as being the worst for spam. dagen: the corporate tax burden in the country. who pays the most? those stories and much more coming up in hour on "markets now." ♪ connell: markets are going back to positive. dagen: who has a greater connection than anyone in the building. connell: good morning, nicole. dagen: good morning, yes, my mother and father were born in cypress, but i want to look here at the averages, a lot stemming from what we heard in cypress, them giving a vote to tax the depositors there, and that, in turn, could really pressure europe overall, that vote takes place tomorrow. the banks closed until thursday. the euro is at a four month low, and people are spooked. i mean, that's really what's occurring here, down 45 points for the dow jones industrials, so that's down
and businesses and consumers do not want to hear, it's a new tax on the internet. even downloads from ituness, who thinks that is a good idea? not me, here is good news "the kudlow report" begins right now. president obama in israel for the first same in his presidency, securing the relations with the allie in the middle east, here is what he had to say when greeted by benjamin netanyahu. it's in our fundamental security interest to stand with israel. it makes us both stronger and more prosperous and makes the world a better place. >> so question is, what exactly is the president hoping to accomplish in israel. here now we republican former u.s. ambassador and dan senor the coauthor of start up nation. joining me here on set for the hour, ryan grim, huff post washington bureau chief, and tony frato, former white house deputy press secretary. welcome to one and all, if i may go to you first, ambassador, there's all this media chatter that i'm reading today that president obama the not know what he wants to do and he has no agenda. it's said that he was the first u.s. president to visit israel
is trying to shoot down this tax on a medical device maker. >> the medical device packs is something that is a pretty bipartisan bill. you will not see a lot of bipartisanship there. dagen: brad, final word. do we really know what this will cost us as a nation and individuals? >> we look no further to the entitlements that the government had to perform before obamacare. medicare, renegade is going bust on its own. we created a whole new entitlement program where we could not even administer properly and provide the coverage to those already admitted. it is on a pathway to unsustainability unless something is done to change those programs. i have no confidence that obamacare will have any more success than the two programs i mentioned. dagen: thank you both. the well. connell: senators getting set for a marathon with back-to-back voting. they will be voting on amendments that protect the budgets. dagen: rich edson is live in washington, d.c. with more. rich: most of them are designed to get the other party to take difficult votes. the republican amendment drew more than 30 democrats i
is that although the central banks have been taxing myself deposits, giving negative interest rates and by a depreciating currency, like 26% depreciation in last 10 years, the ecb would come out so openly. that is the shocking thing. and of course, people should be very worried about what happened in argentina. they froze deposits and withdrawals so that this could spread. as we look at the united states and europe and the way that the politicians are running the show, it'd heading for disaster. as simpson-bowles said, it is a cancer. there is a time wh bank deposits will be threatened if we continue even if the united states an europe -- people go to banks today thinking that it will be okay t. neil: that is a good point. not that it would be imminent or a near-term threat. but the fear is, here is a vulnerable little country where this is looking like a real fear. what about greece? what about portugal? >> i mean, this is a western country. the last i heard is that europe is part of the west. >> what is your fear? >> my fear is that if things go awry in this country, you could fin
with mandatory spending or comprehensive tax reform. that is what it will take. neil: do you think that bernie marcus, the home depot cofounder, was telling me on fox news, the spenders are using a pr war, the strong stock market, improving economic numbers as jusjustification for more spend. >> i don't buy that, i don't think that the stock market is as pro efficient -- prefish ent as people think, we don't need to been the budget, the way that the government calculates a balanced budget is a bad joke, we do have to do, we have to start treating the disease, deal with health care costs, deal social insurance programs. neil: they are not. they might -- but remind me,er day they don't, a new pore added to our -- a few more added to our debt. all unfunded. >> that is right, that is what we need. >> you local starkest terms. >> the full view, if we look at big number, over 70 trillion, if we end up doing -- >> how does that work? >> debt held by public, held by social security medicare trustee fund, and pensions unfunded, arrange of commitment contingency, and unfunded social security and medicar
on public servants, wasted money spent in the financial crisis and the only thing is higher taxes. >> there is an oversight of spending tax dollars, we have known that for a while. with the story with school superintendent, national average 162,000 to be a school superintendent but some of these guys are running half a dozen schools, less than a million students, some of them are making 200,000 or more. it is amazing there is no transparency, little oversight for the public servants will scream about the private sector. look to your own backyard. charles: the same ideology that argues about corporate salaries uses that as an excuse to bump up their own salaries. digging a were using to bump up your salaries? connell: thank you, charles, appreciate it. dagen: i am taken mcdonnell. connell: i am connell mcshane. thank you for joining us and this is what is keeping washington up at night. preventing a budget deal from happening. dagen: a big day for bernanke and company. is it time for the central bank to pull back on the bond buying? connell: and the taiwan factory making the recall
at as nation's governments weighs a new bank account tax. there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have you gotten any calls, are you expecting any? >> i'm not expecting any but i would not be surprised to see people talk more about this in next few days it is very late tonight anyway it looks like they will preserve the under $100 thousand mark and go after larger deposits, but the question, here in u.s., could it happen here? probably not. but the question is, ha hasn't t already happen with standpoint feds suppressing interest rates, that is the rate less than inflation, negative interest rate it has already happened here. gerri: let's go t
under $100,000 euros taxed 3% while savers over half a million will see the levy kred to 10%. those above the threshold pay 9.9% tax. the total revenue raised is expected to hold just shy of 6 billion euros. the rescue package is slated to begin today around 1500 cet. in the meantime, we're getting comment out of russia. seen as perhaps the targeted party here, i should say, with regard to some of the deposit taxes that are being pushed through on cipriot banks. for example, putin via spokesman has apparently called the levy, if approved, unfair, unprofessional and dangerous. european markets are in the red across the board as we've seen today. the ftse 100 down almost 1% and the xetra dax better than 1%. the ibex 35 is down 2%, roughly the same amount for the ftse mib. we can tell you that spanish and italian bonds have risen both on banks and for some of the periphery, showing pressure, as well. here is a look at some european banks. a mix there. on the left, you can see spain. banco santander down almost 4% some some cases. unicredit down almost 5%. moving to the french banks, cr
significantly. has he lost leverage with republicans? what does that mean for whether your taxes are going up? >>> and stephen colbert talks about his sister running for office and is talking about being white racist of itself. a war of words over race in america tonight. it's monday. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. live the regular life. phillips'. a hairline fracture to the mandible and contusions to the metacarpus. what do you see? um, i see a duck. be more specific. i see the aflac duck. i see the aflac duck out of work and not making any money. i see him moving in with his parents and selling bootleg dvds out
on the failed idea that giving another round of tax cuts will somehow triple down and lift up all the other boats. we know that has not worked. peter: the senate starts its votes on its budget tomorrow. i will start here before i talk about easter bunnies and march madness. connell: we do not want that, peter. we never want you to get into trouble. dagen: that does not get you into trouble with us. we go as far as talking about audio parts. right now we want to talk about funding the government. 68% of americans say it is a problem. connell: monica crowley is here with us today, as is leo kelly. interesting because of what we have seen in the stock market. today, with the market pulling back with all-time highs, it is not really about the stuff peter is reporting about. >> cyprus, his little country that no one really was paying attention to a couple weeks ago certainly has no whole world turned upside down. what the market has really come to expect from washington is delayed until the last minute, but come up with a resolution. the threat goes away each time they do this. dagen: speaking o
, you know the ones whose salaries you pay, owe 3.5 billion dollars in unpaid taxes and employees skipped out. and help may be on the way. and house committee jason chaffetz, a member of that committee is here. >> thank you, greta. >> greta: what's on the way? we pay the salaries of the federal employees, but looks like a pass when it comes to taxes? >> look, if you don't pay your federal taxes, you should be fired. that's what the bill does. if you're trying to make whole on this and going through restitution, great, you're fine, but we have 107,000 current federal employees on the federal, you know, being paid by the taxpayers that have serious delinquent tax debt and we have to fire those people if they refuse to pay their taxes. >> greta: when you're talking about what kinds of numbers. 3.5 billion is the total. and your bill omits members of the military. >> military, we have a different situation, they deal with hardship, some of retirees. but you have 688 people working on capitol hill in the house and senate and you have 40 people working-- >> and now their names. >> we kn
a bank deposit tax. sterling is trading lower as they get ready to set out this year's budget expecting to redirect spending to revive growth and deutsche bank lowers its earnings due to mortgage related lawsuits and/ regulator investigations. >>> plenty still happening as we follow the cyprus story for you and explore just what it means for investors across europe and around the world because the market reaction has been relatively muted if you consider the extraordinary nature of these events. cyprus' president is meeting with party leaders this morning after lawmakers last night unanimously rejected a proposed tax on bank deposits. this was crucial to unlocking a $10 billion bailout. the house speaker said the decision had been made for all europeans. >> this decision of the house of the republic of cyprus is protecting all the people of the countries of the european union and this is the main message i want to send tonight to all european citizens. >> now meanwhile cyprus' finance minister is appealing to moscow for help fresh from his talks with his counterpart this morning. discus
national debt, and even a bib llically based call r a flat tax. that's what i love. is he the conservative that can save the gop? here is the aforementioned dr. ben carson. director of the pediatric division at john hopkins university. and with us this hour, cnbc contributors keith boykin. as always, dr. carson, great to see you. i'm reading one of many articles that you're retiring in 100 days. i wonder if you would share future plans, especially public service. >> i have a lot of things on my agenda. i've got ten international trips. a multitude of speaking engagements around this country. we're working very hard with the college fund. we're in all 50 states. we're putting in reading rooms all around the country. particular particularly targeting title one schools. >> as you know, senator carl levin is retiring. any interest in that open senate seat? >> people keep trying to put me into politics. i don't believe i fit the mold. i don't believe in political correctness, and i certainly don't believe with getting into bed with special interest groups. i just don't believe i'd fit. >> how a
a chain reaction around the world. the european nation wants to tax all bank deposits up to 10% in order to secure a $13 billion bailout for the government. this move is unprecedented, it would basically allow the government to skim the bank accounts of every single person who makes a deposit into a cyprus bank account. if that is not enoug the country has closed all banks until thursday so if the decision is made there will not be anything anybody can do if they have money in the bank. now the world is bracing and waiting. what you should do with your money and with the impact could be. so excited to have you on tonight. university of chicago professor. what a team. t me start with you because i want you to set the scene for us because some people hear this and i think of cyprus is a tiny island, who cares. this could set off a chain reaction around the world, tell me why. >> if you have your bank deposits in another country that is shaky, italy, spain, portugal, and greece, you will say in my the next in line? so what we will be looking for over the next week or at any time or attentio
this week. spending cuts stay in place many pet projects no longer on the table. big tax hikes gone. dare we say republicans win? with that as the back drop stocks open a little higher today and gold will be lower. "varney & company," yeah, about to begin. ct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-send stats. [ indistinct shouting ] ♪ it's so close to the options for... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine everday of the week. >> it is monday, march 25th, cyprus gets its bailout. but the country's in financial chaos and faces an economic depression. in short, here is what's happened. angela merkel wins, the germans win
because of that deposit tax component. now, the president is currently meeting with the leaders of the political parties. of course, what he's trying to do is to strong arm and to persuade them into voting for that deal because the other alternative, yes, that is bankruptcy for this country, which has only 1 million people and only makes up 0.2% of the entire eurozone. the debate and the vote on that bailout deal will be kicking off in around four hours from now at 4:00 p.m. local time. thou, a lot of uncertainty as to what the outcome of the vote will be, given that nobody has a clear majority. having said that, there is, of course, the chance that some of the lawmakers who have been wavering could have been appeased by the talk that some of the taxes for the smallest depositors could be lowered. now, "the wall street journal" has reported that those deposits between zero is and 100,000 euros could be taxed at only 3% as opposed to 6.75% previously. now, the middle bracket would be 100,000 to 500,000 euros. that could be taxed at 10% and then anything in excess of half a millio
premiums and insurance costs are rising sky-high. so are taxes. and small business costs are reducing profits by as much as 65% according to one small business owner we will talk to tonight. and the virtues of a free market capitalism that we talk about every night on this show are now forbidden fruit at stanford university. a popular long running pro capitalist course at that school has now been cancelled. what is up with that? "the kudlow report" begins right now. >>> first up, a major vote in the cyprus parliament helping to get that country closer to a teal with the european union. michelle caruso-cabrera joins us from cyprus again this evening with the very latest. good evening, michelle. >> reporter: larry, lawmakers here in cyprus taking a huge step tonight to prevent the financial collapse of their country. they pass ad law that will allow for the restructuring of their banks. this essentially means their sickest and largest banks will be down sized and made more healthy. this was a key demand by the european partners in order to secure a 10 billion euro bailout for the countr
. if tomorrow you wake up and you find there is a 10% tax on your bank deposits, you will not be happy. if you're a politician in cyprus you're dealing with this and they're bank backing away from it. it was a bad idea in the first place. cyprus needs $10 billion from the european union and the european central bank and they have given others like greece hundreds of billions of dollars. so they're upset. the cypriot banks are insolvent. they're going, they will get a run. melissa: they are insolvent and they will get a run, yeah. >> but it's not cyprus's fault in my view. melissa: doesn't matter whose fault it is if it happens. julia, what is the outcome? what is the domino effect? which if there is a run on the banks there which there certainly will be, should i withdraw money from my bank here? >> no, i don't think so. the structure of the cypriot problem was quite unique the bank assets in cyprus are something like 730% of the country's gdp. it really is is a safe haven for russian investors. that is why when they needed money, there is always going to be some burden-sharing in a bailout. w
trade that stuff and make money off of it if you buy enough quantity. it is triple tax-free. anything related to california, municipalities, people are buying them. they are buying them at discount and they are trading them. they are clipping the coupons. do they hold them until maturity? maybe not. here is one more, yankee stadium that that was issued to basically build the garage, again, buying with pennies on the dollar. you do not necessarily hold it until maturity. this is a trade. trade detail risk. big risk here. you can make some money. >> i will follow your advice and not go into this market. california, basketcase when it comes to taxes. it seems too low if they are trading at pennies on the dollar. charlie: it is the real distress stuff like this west virginia tobacco bonds. why aren't the tobacco bonds distressed? when you raise taxes, people will not smoke. they will not pay the taxes. as a trade, you can make some money. jon corzine rolled the dice with short term, i it was italian bonds and spanish bonds. his dad turned out money good. people lost confidence in his abil
will have to come along with tax increases. this deal still hurts. >> i do not think there is any denying that the cyprus people will have to go through tough times and will suffer the consequences. we had to adjust over relatively a short period of time. rich: now the question is what does this mean for the rest of the euro zone? this, the bailout should be a template for the rest of europe and banks should be reduced. back to you. connell: rich edson lives in cyprus. trading halted in some of those italian banking stocks also added the comments in terms of a template. time to bring in axel merck. your thoughts? >> good morning. when someone screams fire, you do not want to shut the accident. halting stocks, i do not think, is helpful at all. i think it is rather responsible. the question is what will happen. obviously, investors are taking action. connell: you just look at the big board here in the united states and the green at the beginning of the day has now turned red. european markets losing some steam. you talk about the italian banks and how it would not be a good idea to halt th
. lower taxes on rich people, not lower taxes for everybody, right? they don't like taxes, but letting the payroll tax cut expire was in fact their policy. lower taxes in general. lower taxes on richer wealthier americans. cutting social programs. entitlements they go back and forth. medicare they go back and forth. you remember mitt romney and paul ryan ran in the election as they were going to stop the democrats terrible intention to cut medicare, then paul ryan got back into the house and writing a budget he kept all those cuts and added new ones and had more added into this is program. the real shock in recent weeks or real frustration trying to covers the budget debates. republicans cover five issues, they want to cut the budget deficits and cut defense spending and simplify the tax code and lower tax rates. in a deal with president obama they could get the first four, more deficit reduction, protect defense, the democratic president would get some cover in cutting medicare and social security and they could simplify the tax code by taking out expenditures. they are now saying the
meltdown. the parliament rejected an unprecedented tax on bank deposits. that was a key part of the eu bailout terms. the finance minister is in moscow today with mounting speculation that russia could step in with a safety plan to safeguard russian deposits in cyprus. steve sedgwick is in moscow where he caught up with the finance minister there an hour or so ago. steve? >> they turned to russians once again. there's a loan on the table from russians dating back from 2011 so it's not the exception to it the rule for the cypriots to turn to the russians. the russians themselves are indignant they weren't brought into talks. let's hear what he had to say earlier on about the state of the current talks. >> first meeting very constructive. very honest discussion. we underscored how difficult the situation is and we'll now continue our discussions to find a solution by which we hope we will get some support from russia. >> in terms of that support, are we talking about a change of terms for the current existing 2.5 billion euro loan and an extension of 5 billion loan in addition to that? >
not confiscate it as cyprus tried to do however there are plenty of ways to get at it. taxes, you're forced to invest in government securities and under the guise of the financial systems, yes, it's a valid concern and the bank defenders will not acknowledge it u and we've got the dow up 39, 40 points at the moment, a shrug from the stock market at the moment. >> yes, it is. stuart: you think this has no impact on the stock market, more on gold and banking stocks, you think? >> i think so, again, what it does, it calls into question the integrity of the financial community and that's what central bankers and legislators fear most. it's not the markets themselves, it's fear of the market and fear of stability because that is what drives confidence and one thing that bernanke can't afford to lose right now. stuart: here is what i think might happen. a no vote, the russians step in, europe says we can't have russia, and they step in. >> i think a power play and progression of events, but i would not count out the chinese in this one. stuart: keith fitz-gerald. thanks. the latest proposal from
. and the thing that gets me more charged up what they did with taxes and incremental other stuff they've added in. and closed the banks down and we did that in the depression, by the way. they've added a whole bunch of other-- we're already paying, if you don't think we're at the point in the united states where we'll have withholding on capital gains, proposed. it's hitting us right now. >> brenda: john, what do you think? >> i disagree with kicking the can, but i agree with gary and toby we're fine right now and your money is safe in american banks for now. you can't keep interest rates low for a long time. look what the pain has done, a not of internal savings has something to do with that and we can keep passing the buck on our debt further down the road. eventually we'll have to come to grips with that, but it's going to be a long ways out. >> brenda: really that long, jonas? >> i wouldn't say we're up-- first of all, you probably have some of your money in foreign funds and 401(k)'s, and this is dragging on emerging markets, the russian markets, it's exposed and down a lot relatively thinki
revenue-neutral tax reform we want to say, we want to leave more money in the economy and reduce taxes. when ronald reagan did it we had 7% growth in one year and that is the bold leadership we need but it's not a new principle. we don't have to reinvent ourselves in that way but we have to stand on principle and unless you stand for something people are not motivated to vote for you. >> chris: let's talk about what you stand about, immigration. you came out with your ideas for a comprehensive plan this week and since then you are taking fire from both the right and the left. you call your plan for creating a legal status. not citizenship, but a legal status, for the 11 million folks who are already here, illegal immigrants who are here but taking fire from the right because you oppose the e-verify system which would make it easier for employers to check whether their workers are in fact legal or illegal. why would you oppose that? >> that's not the main part of my plan. the main part is trust but verify, we have to have border security and conservatives always wanted border security b
earned money when the other side is offering even more spending increases and tax increases. more borrowing. we are worlds apart. >> democratic proposals do not balance the budget. the fbi is investigating how on earth a man was able to pose as a pilot and gain access airways flight in philadelphia. police say the man had on an air france uniform and also an i.d. then he ended up in the jump seat right behind the airlines captain. he was caught when he failed to show his real credentials. the airline says that no passengers were ever in danger. >> that was a bizarre story. >> um-huh. >> the lie breafer congress has added 25 new songs, including this 1960's hit. ♪ come on, baby, ♪ let's do the twist. ♪ come on, baby ♪ let's do the twist. >> they said it became the excitement and energy. dick clark chubby checkers to record a new version of the song. it is more than two dozen sounds of the 20th century being added to the national recording registry. they are forever being recorded for cultural importance. that's your five at five. >> great stuff. president obama just arrivin
of what was supposed to be a tax piece. it restores my of the cruel automatic spending cuts. all is missing is a line like thank god for the democrats. then it was also considered a cheese head. it starts out fair and factual enough under the rhine plan, the government subsidizes it. the only famous unnamed critics who say all of this would mean ever shocking. he is heartless and soulless and probably the double in pinstripes. it is one thing when they say it was all but a sham. it is another thing for them to prove that it is an even bigger sham. they are darn near inbred watching politicians who continue to say that we don't have a spending problem. and one that is only trying slow down the growth of the spending. fair and balanced. try over and out. dick armey says that he is over the top of the house of representatives. i am not saying give republicans a pass. i am saying to treat them equally and with the same ferocity. and i do not. >> thing that is most frightening about what you just read is that this has become the norm. i want to thank you for bringing this up. even bac
out cypress? >> anything is possible. you know, i think the outrage over this deposit tax is about the honesty of the approach. if you think about it, citizens around the world suffer from that tax. in the united states, how long have we had 0 #% interest rates in the united states? how much money have savers lost who keep money in the bank because they have not received interest on deposits all these years? what about prices? because the federal reserve does quantitative easing, food prices go up, gas prices up, and deposits lose value. at least with the tax in cypress, it was more honest. the government up front saying we're going to take your money. we're doing it secretly, and i think the honest approach is better. shibani: they make parallels in cypress, and what you mentioned happens here in the u.s., but the levy on bank deposits, thi is what is causing a storm, and it's really getting people upset. are you concerned about any kind of precedence this could bring into the industry into europe and what it could do to banking confidence as a whole because when you start to have
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to tax people's savings accounts. some experts call cyprus the kay men islands of the mediterranean. lax oversight. reportedly the place to bank for the russian mob. it looks like the u.s. government will not shut down, at least not for now. but lawmakers may be setting themselves up for a new self-inflicted crisis down the road. it's good enough for honey boo boo. now another state could soon make it legal to eat road kill. what state you may be asking? that's coming up as we approach the bottom of the hour and the top of the news as fox reports live tonight. road kill. life brings obstacles. usaa brings retirement advice. love your passat! um. listen, gary. i bought the last one. nice try. says right here you can get one for $199 a month. you can't believe the lame-stream media, gary. they're all gone. maybe i'll get one. [ male announcer ] now everyone's going to want one. you can't have the same car as me, gary! i'm gettin' one. nope! [ male announcer ] volkswagen springtoberfest is here and there's no better time to get a passat. that's the power of german engineering. right now lea
's a tax. so theoretically, authorities have the authority to actually collect taxes on whatever. except it is being perceived as an ex appropriation of the savings. so -- but this is cypriot. this is a cyprus problem. don't extend it to the euro. the euro is not in danger because of what's happening in cyprus. nothing is going to happen to the financial system of the world because of what's happening in cyprus. we haven't had very enlightened series of decisions. since greece. and then we've bumbled a little bit, we've tumbled and is bumbled with spain and italy and now this cypriot thing is going to need a better design. >> so what is the design? what's the reasonable solution? >> well, one of the things is you don't have to affect the people who are below a certain threshold. now they're thinking about 20,000 or 50,000, whatever the threshold is. the conventional threshold used to be 100,000, but it doesn't have to be the case. the question is here. you really have to, you know, critters of the financial system have to take losses. you cannot make it a point. and this is the biggest m
them properly now. so, i say use that $2,500 properly. it's a tax break. you should use it for what i call nonessential services. if you're not sick, figure out in advance, what can i use it for? >> neil: prescription -- >> prescription, trips to the doctor when you're not sick. when you're going into the hospital you want your health insurance to kick in. if not, you can use our flex spending account. >> neil: a lot of is just common sense, talking to your doctor. >> you'd be surprised how many people don't. ask your doctor, are you going to take obamacare insurance? medicare and medicaid? half the doctors in the country are not taking medicaid. >> i notice a lot of your colleagues are not dealing with insurance, give you the bill and pay in cash. and. >> you can have a negotiation before you could in. doc, your bill says $400 but maybe you'll see me for 200. doctors love cash. >> neil: what if they cut back on the care? i've never done this with my doctor before. cheap skate, you're going to get half the quality. >> that's the wrong doctor. you don't want to -- >> neil: my doctor's
on a diet is anti-food is regulation. john: but they pay taxes and don't collect welfare. >> the cost of illegal immigration last year was $113 billion in spee areas of health care, education and incarceration. john: you don't include the cost of paying taxes and starting google. >> here we are with libertarians the focal point* is limited government chaldean rejected thinking and be careful what you ask for the new push for an -- amnesty because the overwhelming majority is %-dependent. government john: how many are not from the united states? how many would like to be citizens sunday? just a couple. >> we all succeed when they succeed. do we want a skilled immigration yes we need less but it should be skilled. john: that is just half of a @%rcent. >> the city of dallas year after year with. if you have more enforcement which is nonexistent. >> they allow me to go to work every single day. john: on that note we are john: on that note we are out of time are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price y
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, but outright theft was being discussed, but the cypriot government tried to introduce a new tax. though it was soundly rejected by the parliament, this didn't stop one particular television network from implying it might someday be proposed here in the united states. this nonsensical nothing was then followed by the asking of a question that appeared to come out of the nowhere. >> a research in killing jesus, do you know why jesus was killed? by the romans? >> that question has been considered by some of the finest theological minds in history. and it will be expounded from pull pits around the nation as we approach easter sunday. but all of them have clearly missed the point, according to mr. o'reilly. >> you don't know and shouldn't know, because it was about taxes. >> you don't know and you shouldn't know, because it was about taxes. now, as anyone with a modicum of biblical history will tell you, the death of christ was an act of substitutionary atonement. he neither lived nor died for taxes. in fact he simply said one should discharge one's responsibility to the state by rendering
people and middle class people that use cyprus because of the rule of law, common law, the double tax treaties we have. it's a mistake to think that it is a very special class, of very rich people. these russians have their lawyers, their accountants, many of them have their families living in cyprus. they have their friends. we have a relationship that can with stand a shock like this. >> bearing that in mind, are the banks going to open on tuesday morning? >> i cannot say that. i cannot say that. it's always a mistake to say something like this when you are not completely sure. there is a lot of work to be done. but they will open very soon. >> and how long do you intend to use the capital controls? >> that also i cannot answer. but, again, our objective to keep them as limited and as short as possible. >> and finally, you bypassed the democratic process of a parliamentary vote with this field. will you consider tendering your resignation when you get back to cyprus? >> no, no, we did not bypass the poll. we passed a number of laws two nights ago. we have kept party leaders ip forms
tomorrow morning. there's still no plan here. in fact, you heard about plan a which was to tax deposits. now we have heard that plan b has been rejected by the troika as well. cyprus government said to the troika, their european partners who they want them to lend money to, they said to them, listen, instead of taxing deposits why don't we do this instead. we have a pension fund, we'll raid it, take the cash, turn it into bond and we'll pay it back over time. the troika said that doesn't do anything for you. you still have liabilities. then they said we're also going it try to sell one of the bad banks. and the fact of the matter is if the bad bank were sellable, people like chris flowers and wilbur ross and tim collins would have been here a long time trying to buy it. they said maybe we'll split it up, divide it into the good bank and bad bank. we'll sell the good bank to the russians and the troika said selling the good bank is the easy part. what are you going to do with the bad bank? none of that is going to work. you will hear more about what the hopes are for russia from steve in
reform the tax system and entitlements. perform defense and have a rational rational and reasonable defense. >> why in the world is the president of the united states not moving forward with a budget that would be a blueprint to resolving those proposals? >> the words that seem to be operative here are cowardice or opportunism. it has to be one of the two. >> to do the wrong thing continually is not the act of a coward. lou: are you saying that the president is incapable of doing the right thing? >> i'm comparing how talented this man is. >> why doesn't he apply that? >> you know, that turns out to be laughable. the odds are empirically before him. you know, that is just unreasonable. >> there is another word we are leaving out, which is ideology. the republicans are rightly not going to agree with that. >> i think that when the senate passes a bill, you hammer things out. the one you want regular order. >> that is right. lou: all right, my goodness. i do want you to chat with me about the balanced budget. he does it in five years. rand paul's budget. very quickly, the names of thos
is saying president obama is wasting her tax dollars on his family and his dog beau. she said stuff in the past that has no facts to back it up. we wanted to ask where she got her fact this is time. we'll show you what happened when dana bash tracked her down. just when you thought you had experienced performance a new ride comes alo and changes everything. the powerful gs. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. nlove. as americans, we believed we can'tin freedom.person we during the command performance sales event. that's what i fought for as a marine, and that's what we believe in as republicans. freedom means freedom for everyone. i didn't use to understand the importance of same-sex marriage, but after learning my brother was gay i wanted the same rights for him. he was the best man at my wedding and i want to be the best man at his. it's only fair that calvin should have the freedom to marry the person he loves, too. it's time for marriage. google's backyard for the wbing it on challenge.. [f
for seven. wait a minute, a have a 3% mortgage after the tax deduction feel like more of a bridge. liz: how do we implement this? how do we say to the lobbyists. this will become what 2 has become, five years done? somebody has to compromise. >> everyone wants to do not in my backyard. it has to be part of a grand plan. part of a total revenue package and expense cutting package, right? if we're able to accomplish that, implementation is relatively easy. first thing i rather keep mortgage deduction. we all would. because we see tangible benefit. only if they are going to tippinger with it. don't eliminate it. look for ways to generate revenue, activity through the economic revenue and still give people a benefit especially first-time home buyer. liz: they say a solution that gets everybody upset is the best solution. >> probably. liz: it would annoy the mortgage industry. it would annoy homeowners who want it. would annoy the government because they want it eliminated. maybe it is a good idea. get your prediction on mortgage rates coming up. they have been historically low. >> they have sta
that the perception is that the republican party today fights for the wealthy with tax breaks for the wealthy, for corporations, loopholes, and doesn't really understand the average hard-working american anymore and that's what we've got to get back to. >> i was struck by that piece of it because it seems it's not a hypothetical or divorced from the facts assessment. during the primary campaign where your count rick santorum did well against mitt romney, at one point where they got the most traction against mitt romney was talking about those economic angles about the way mitt romney has behaved in corporate america, the vulture capitalism. it wasn't endorsed uniformly by all of mr. romney's competitors in the primary but it did seem to work. and then there was just a vociferous backlash among the republican establishment that you wouldn't talk that way about success. how do you think that plays out? >> it looked like we were attacking capitalism, and i don't think that was the intent. but i do think this, all over this this country, people will wake at 3:00 in the morning, tossing and turnin
one company that doesn't think so. >> looking forward to your tax refund? so are identity thieves. they can steal your refund. happens to thousands of people every year. you have to be proactive when it comes to identity theft, especially during tax season. >> your identity needs protection. no one does it better than lifelock. >> identity thieves steal from everyone. you have to protect yourself. i protect myself with lifelock. >> now, remember when rudy giuliani was marco rubio? remember when he was the savior of the republican party? remember when he was going to be swept into the presidency in 2008 by linking every single campaign issue to 9/11? that was actually the same year that fred thompson was briefly the savior of the republican party, until he opened his mouth in a presidential debate, and without that reverse mortgage teleprompter was as slow and lifeless as a potential party savior has ever been. it is very unlikely that republican presidential loser mitt romney will ever find himself in position that his finances are so tight that he has to go pitch reverse mortgage
people. you couldn't tax them enough because it's a very small place. they had to go after the banking system because it was so, so huge. we'll keep you updated. back to you. >> michelle caruso-cabrera reporting from nicosia today. >>> josh lipton with a market flash. >> hey there, tyler. check out apple which is moving higher here. i spoke to scott redler of t3 live who is long the stock. he said people have been getting antsy that an announcement on a dividend or buyback is coming. he also adds that technically the stock has been acting better. we had an initial move higher last week, held higher, digested those gains. now looks back in motion. traders want to see if we can take back 462, which is the 50-day, haven't been above that since october. if we can, then that would be constructive. apple up about 1.1% right now. tyler, back to you. >> thank you. >>> on the homefront, sales of existing homes now at their highest level in more than three years. mortgage rates remain near historic lows. they're a little higher than the most recent couple weeks. home prices moving up. diane dian
street shrugging off a botched european union bailout of banks and an unprecedented tax on the deposits in cyprus, a tiny nation of 1.1 million people that will cost investors hundreds of billions of dollars in market capitalization. the dow jones industrial average down more than 100 points earlier but rebounded losing a modest 62 points. the s&p fell nine, the nasdaq down 11 and a half. the market off of the lows of the day. officials revising the imprudent and unreasonable plan to seize money from bank depositors to pay for the eu bailout. much damage has been done and some investors are so shaken, they will take their money out of the banks at their first opportunity, which is now thursday morning. international monetary fund and central bank are embarrassed, which doesn't solve the insolvency problem. negotiators around 150 nations from new york city trying to negotiate a binding treaty that would end unregulated arms sales. the arms trade treaty president obama now says he supports. the national rifle association promises to strongly oppose that treaty saying it will lead to natio
investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. many cereals say they're good for your heart, but did you know there's a cereal that's recommended by doctors? it's post shredded wheat. recommended by nine out of ten doctors to help reduce the risk of heart disease. post shredded wheat is made with only one ingredient: one hundred percent whole grain wheat, with no added sugar or salt. try adding fruit for more health benefits and more taste in your bowl. it's the ideal way to start your heart healthy day. try post shredded wheat. this has been medifacts for post shredded wheat. to help protect your eye health as you age
a fault places the irs. they have tens of billions of tax losses they should be able to write off and they claim that is paying us back. gerri: that is cheating. >> it absolutely is. the sad thing is, it is allowed under accounting rules as an asset, certainly other banks it is not simply, think it is horrible policy. gerri: this is our money at the end of the day. they should have to repay it, if i owed the government that much money, believe me, i would be forced to repay every single dime. i would be in jail. what is interesting is there are lot of attorney general's calling for him to leave office. take a look at these names. the list goes on and on. there is a lot of anti-ed demarco effort out there. will they be successful? >> personally i find this kind of offensive. they put together a settlement that got more money for state governments that actually got foreclosed borrowers. many have been at the forefront of trying to stop the housing market from clearing, stop trying legitimate foreclosures and broad moratorium so this hasn't been about helping them leave. they have be
/2 points. >>> worries of cyprus continue to weigh on the markets. rejected a bro posed tax on bank deposits casting doubt on a bailout. >>> in the u.s. housing starts jumped .8% in february meeting expectations. meanwhile, building permits a gauge of future construction rose to the highest level since 2008. that's it from cnbc, first in business worldwide. now back to "hardball." >>> there's no one reason we lost. our message was weak. our ground game was insufficient. we weren't inclusive. we were behind in both data and digital. and our primary and debate process needed improvement. >> there's the lift of a driving dream. welcome back to "hardball." rnc chair rience priebus reporting on the state of the republican party and brought relief to establishment types but also angered conservativeses who say priebus, that man there, was exactly wrong, that the party can't win if it moderates its right wing positions. here was rush limbaugh reacting to priebus. >> they think they have to re-brand. reach out to minorities. got to moderate their tone here and moderate their tone there. that's not a
costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [ female announcer ] if you have rheumatoid arthritis, can you start the day the way you want? can orencia help? [ woman ] i wanted to get up when i was ready, not my joints. [ female announcer ] could your "i want" become "i can"? talk to your doctor. orencia reduces many ra symptoms like pain, morning stiffness and progression of joint damage. it's helped new ra patients and those not helped enough by other treatments. do not take orencia with another biologic medicine for ra due to an increased risk of serious infection. serious side effects can occur including fatal infections. cases of lymphoma and lung cancer have been reported. tell your doctor if you are prone to or have any infection like an open sore or the fl
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